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LOANS & CREDITS April 24, 2019

Serbia - Tax Administration Modernization Project

WASHINGTON, April 24, 2019 – The World Bank’s Board of Executive Directors today approved the following project for the Republic of Serbia: Tax Administration Modernization Project.

IBRD Loan: 45.3 million EUR (52 million USD)

Terms: Maturity = 15 years; Grace = 5 years;

Project ID: 163673

Project Description: The objective of the project is to improve effectiveness of tax collection and lower the compliance burden for taxpayers.


Kym Smithies